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Tonight…. Last time we concluded the kick off and chapter 1 Tonight we will cover… Chapter 2 - - Preparing for the Entrepreneurial Journey Chapter 3 --Recognizing and Shaping an Opportunity Chapter 4 —Developing & Testing Business Models In Class Exercise- with your ideas/innovation.
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Tonight… Last time we concluded the kick off and chapter 1 Tonight we will cover… • Chapter 2--Preparing for the Entrepreneurial Journey • Chapter 3--Recognizing and Shaping an Opportunity • Chapter 4 —Developing & Testing Business Models • In Class Exercise- with your ideas/innovation
Learning Objectives • Dispel myths about entrepreneurs. • Understand the many pathways to entrepreneurship. • Prepare to become an entrepreneur. “Founder Myths” Geoff Yang - RedpointVentures
Seven Myths “Most Entrepreneurs are Not Rock Stars” David Friedberg The Climate Corporation • Entrepreneurs start businesses solely to make money • It takes a lot of money to start a business • It takes a great idea • The bigger the risk, the bigger the reward • A business plan is required for success • Entrepreneurship is for the young and reckless • Entrepreneurship cannot be taught
Paths to Entrepreneurship • The home-based entrepreneur • The serial or portfolio entrepreneur • The nonprofit entrepreneur • The corporate entrepreneur “It's Not About Checking Off Boxes” Drew Houston - Dropbox
Preparing to Become an Entrepreneur • Find a mentor • Build a professional network • Learn about entrepreneurs • Understand personality and business preferences • Improve or acquire critical skills • Study an industry “Get Up and Get Going! “ Guy Kawasaki Garage Technology Ventures
New Venture Action Plan • Complete the personality and preferences questionnaire. • Find a mentor and begin building a network. • Pick and industry and begin studying it. “Pressure Points Around Opportunities” Brad Feld Foundry Group, TechStars